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12-Nov-2002, by Elizabeth A. Peters

AMI DODUCO Signs Agreement with Chinese Circuit Breaker Producer

EXPORT, PA - AMI DODUCO, a Technitrol Company (NYSE: TNL), has signed an agreement with the CHINT Group Wenzhou, People’s Republic of China, to supply silver graphite electrical contact tips for circuit breakers. CHINT is China’s largest producer of low voltage molded case circuit breakers and other electrical switching devices. Their IEC rated miniature circuit breakers are used in residential and non-residential construction. CHINT will specifically use AMI DODUCO contacts in its line of premium circuit breakers sold to the domestic Chinese market as well as export markets in Europe and other parts of the world.

AMI DODUCO will manufacture the electrical contacts at its facility in Tianjin, China. This facility produces a wide range of electrical contacts for use in automotive, appliance, industrial control, power distribution, and construction applications.

“CHINT is an important customer for us,” said Albert Thorp, III, Chief Executive Officer of AMI DODUCO. “It has the largest distribution network and strongest brand name recognition within the Chinese market and is rapidly expanding its export business. They selected AMI DODUCO because of its reputation as a global supplier of the highest quality electrical contacts, excellent service and competitive pricing. We look forward to supporting the global growth of CHINT’s high quality circuit breaker and industrial control products.”

Headquartered in Export, Pennsylvania, AMI DODUCO is a global leader in electrical contact technology and fabrication. The company supplies contacts and assemblies, contact materials, thermostatic and laminated metal products, electroplating and surface treatment services, and precious metal refining and recycling to more than 3,000 customers. AMI DODUCO operates from locations throughout North America, Europe and Asia. The company’s website is www.amidoduco.com.

Statements in the above report are “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Actual results may differ materially due to the risk factors listed below as well as others listed from time to time in Technitrol’s SEC reports including, but not limited to, those discussed in the Company’s 10-Q report for the quarter ended September 27, 2002 in Item 2 under the caption “Factors That May Affect Our Future Results (Cautionary Statements for Purposes of the ‘Safe Harbor’ Provisions of the Private Securities Litigation Reform Act of 1995).”

 

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